Weekend Edition: Powell’s Comments Just Don’t Wash – But Here’s How You Invest for Maximum Profit Potential Anyway!
Bank stocks led the markets lower on Wednesday, following remarks from Fed Chair Jerome Powell who doesn’t see inflation rising faster than expected – in Fedspeak… to the upside – because, “it’s not in our forecasts.” Oh boy. This is so astounding that I almost don’t know where to start, especially since the major indices all promptly took off to the upside on Thursday. Powell wouldn’t know inflation if it bit him in the you know what because his models probably don’t reflect that either! The mainstream media will hang on every word with the expectation that you will, too. Only we know better. And here’s why.